Burlingame, Feb. 23, 2023 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global nurse call system market is estimated to be valued at US$ 1,904.1 million in 2022 and is expected to exhibit a CAGR of 8.5% during the forecast period (2022-2030).
Key Trends and Analysis of the global nurse call system market:
Major players operating in the market are focusing on getting certification for expansion of point of care solutions, which is expected to drive the growth of market over the forecast period. For instance, on March 2, 2020, Ascom is a global solution provider in the field of healthcare Information and Communication Technology (ICT) and mobile workflow solution, Ascom Myco 3 smartphone gets certification from Medical Information Technology, Inc. (MEDITECH) is a Massachusetts-based software and service company that develops and sells information systems for health care organizations for the expanse point of care Electronic Health Record (EHR) solution. This device enables nurses, therapists, aides, and other clinicians to complete most of task like receive alerts, document vitals and interventions, review records, and verify and administer medications on this device.
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Nurse Call System Market Report Coverage
| Report Coverage | Details | |||
| Base Year: | 2021 | Market Size in 2022: | US$ 1,904.1 Mn | |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 | |
| Forecast Period 2022 to 2030 CAGR: | 8.5% | 2030 Value Projection: | US$ 3,654.3 Mn | |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: | Ascom Holding AG, Rauland-Borg Corporation, Hill-Rom Holdings, Inc., Cornell Communications, Inc., Jeron Electronic Systems, Inc., Tyco SimplexGrinnell, TekTone Sound & Signal Mfg., Inc., Vigil Health Solutions, Inc., Critical Alert Systems, LLC, Stanley Healthcare, Caretronic d.o.o., SIDDHANT MEDICAL ENGINEERING, FORBIX SEMICON, Crest Healthcare, Curbell Medical Products, Austco Healthcare Limited | |||
| Growth Drivers: |
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| Restraints & Challenges: |
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Key Market Takeaways:
The global nurse call system market is expected to exhibit a CAGR of 8.5% during the forecast period due to increasing prevalence of chronic diseases. For instance, according to American Society of Cancer, in January 2022, there will be estimated 1.9 million new cancer cases diagnosed in U.S. This will lead to an increase in investments in healthcare development across the world.
Among service model, nurse call buttons is expected to hold dominant position over the forecast period, owning to inorganic activities by market players. For instance, on January 6, 2022, Stryker which is medical technology company offering innovative product and service on orthopedic, Medical and Surgical, and Neurotechnology and Spine announced a definitive agreement to acquire Vocera Communications is a provider of clinical solutions and workflow solutions. Vocera communication solution can integrate with more than 150 clinical and operational system such a health records, nurse call systems, and ventilators
On the basis of type, wireless communication equipment segment is expected to hold a dominant position over the forecast period, owing to increasing in product launches by market players. For instance, on December 11, 2019, Tunstall Healthcare is a healthcare company which is specialized in digital health and care services launched advanced wireless and digital nurse call system. This new wireless system moves beyond traditional means of fixed call points. This product allows user to do emergency whereabouts.
Competitive Landscape:
Key players operating in the global nurse call system market include Ascom Holding AG, Rauland-Borg Corporation, Hill-Rom Holdings, Inc., Cornell Communications, Inc., Jeron Electronic Systems, Inc., Tyco SimplexGrinnell, TekTone Sound & Signal Mfg., Inc., Vigil Health Solutions, Inc., Critical Alert Systems, LLC, Stanley Healthcare, Azure Healthcare Limited, Caretronic d.o.o., SIDDHANT MEDICAL ENGINEERING, FORBIX SEMICON, Crest Healthcare, Curbell Medical Products, Austco Healthcare Limited
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Market Segmentation:
- Global Nurse Call System Market, By Service Model:
- Nurse Call Buttons
- Nurse Call Intercoms
- Nurse Call Mobile Systems
- Nurse Call Integrated Communication Systems
- Global Nurse Call System Market, By type:
- Wired Communication Equipment
- Wireless Communication Equipment
- Global Nurse Call System Market, By End User:
- Hospitals
- OPD Clinics
- Assisted Living Centers
- Ambulatory Services
- Global Nurse Call System Market, By Region:
- North America
- By Country
- U.S.
- Canada
- By Country
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country
- Europe
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country
- Middle East
- By Country
- GCC
- Israel
- Rest of Middle East
- By Country
- Africa
- By Region/Country
- South Africa
- Central Africa
- North Africa
- By Region/Country
- North America
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